Lynette Zang: Hyper-Inflation Has Already Begun - Silver Coiling For Upside Explosion
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview the incomparable Lynette Zang.
Last year, the world's demand for gold was 4,899 tonnes, yet the total output by the global mines supply was around 3,200 tonnes.
Where did the extra tonnage come from and why didn't we see gold rise above US$2,050 in the process.
Just recently, Alasdair Macleod confirmed the Chinese stock market and property markets are in trouble, but the Chinese public are buying gold at close to all-time record highs.
In December of 2023, the withdrawals from the Shanghai Gold Exchange were 271 tonnes.
That's the second highest monthly withdrawal on record.
The highest was 285 tonnes in July 2015 near the $US1,050 low for the gold market - it's doubled since then. Could this be deja vu?
Graddhy Trading - a notable and very respected commodities trader out of Sweden said their charts are confirming that since 2020, gold has had six attemtps to breakout against its resistant line, and we know that the more times a resistance gets tested, the more likely it will break.
Gold has really consolidated and is forming a huge and perfect bullish breakout.
Graddhy is suggesting that gold is on the brink of exploding - so where is gold heading in 2024?
Re silver, Graddhy confirms that despite extreme pessimism, silver is coiling for an upside explosion, and that we have the mother of all probable cup and handles, and the bigger the base the bigger in space.
Is this silver's time to shine?
Jamie Dimon says, 'Washington faces a global market rebellion over record US debt'. He said, 'it is a cliff... we are travelling at 60 mile per hour towards it and the global economy is approaching the point of no return, courtesy of mounting government debt, and it will lead to a massive fallout of markets and federal institutions.' So we've been warned by the CEO of the world's largest bank, but has the warning come too late?
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